Warren Buffett sells $338 million of BofA stock as spree slows

October 3, 2024

Warren Buffett’s Berkshire Hathaway has been gradually reducing its stake in Bank of America, with recent sales at lower prices compared to earlier disposals. The latest transactions fetched $338 million, marking a decrease from prior rounds, though Berkshire remains the bank’s top shareholder with a 10.2% stake valued at over $31 billion.

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US auto tariff relief brings temporary respite for OEMs, but uncertainty looms: Jay Kale

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